I'll be straightforward about this short position. From the moment $TAO started to weaken at its high, it was no longer a strong market. Many people are still looking for a reversal, but I see the rebound momentum getting weaker and weaker.

Entry was around 277.1. After opening the position, I didn't rush to call the result; first watched whether the price could stabilize again. The result was obvious. After the pullback failed, selling pressure continued to come out. Now it has hit 212.3, +1126.17% has been realized, and the volatility range has opened up.

What traders fear most is not being wrong in judgment, but getting carried away after making profits. Here, the bears are indeed dominant, but that doesn't mean every level is suitable for continued chasing. My approach is to lock in profits first and set protective stops for the remaining position. If it can extend, I'll hold; if not, I'll exit.

If you caught this wave, you caught it; if you didn't, it's fine. There are always opportunities in the market. Don't chase shorts at lower levels, don't chase emotions; wait for the next cleaner signal.

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